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Thanks very much everyone for taking the time to respond. Yes this is to be our home, rather than an IP. We are hoping to have up to 10% improvement in the value of the lot in the final valuation - we will be looking for valuation about 13 months after our offer was accepted on the lot. We...

Hi guys, My husband and I bought a lot at the beginning of the year (offer accepted in Jan 13, settled in Apr 13) for our PPR, and we intend to apply for construction finance in Feb 14. We will be relying on a strong valuation for the lot. I'm finding it hard to assess land values in the...